Bloomberg: Trump is expected to issue executive orders related to encryption at the White House Crypto Summit

PANews reported on March 7 that according to the news that Jin Shi signed Bloomberg, more than 20 executives, investors and well-known figures in the cryptocurrency field will gather at the White House cryptocurrency summit to plan the future development direction of the cryptocurrency field under Trump's leadership. People familiar with the matter said the event is likely to become a platform to promote a number of cryptocurrency-related administrative measures, and there are currently a variety of plans under consideration. Trump may announce that the administration will stop selling cryptocurrencies seized in criminal cases and instead use them to build state reserves, people familiar with the matter said. They also said Trump could issue an executive order to create a real Bitcoin reserve that is expected to buy more of this digital currency. Another potential proposal would involve tax handling issues in cryptocurrencies and would likely require congressional review and approval, one of the people familiar with the matter said. The people familiar with the matter said the actions are still under discussion and may not be implemented or change in the end.